Investors could get a hint from Federal Reserve Chairman Jerome Powell next week about how aggressively the U.S. central bank will try to manage the long-term recovery from the coronavirus pandemic.
The market backdrop this time around could hardly be less dramatic. Spurred by Fed buying of assets, stocks have recovered their entire pandemic-related losses and are trading around record highs, while bond yields have been near record lows. Benchmark 10-year Treasury yields hit near record lows of 0.504per cent earlier this month, before backing up to 0.638per cent after a rash of Treasury supply.
The Fed is trying to spur inflation over the next several years in order to prevent a deflationary spiral as the global economy struggles to right itself from the COVID-19 shock.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Wall Street subdued at open ahead of US business surveys[BENGALURU] US stocks opened little changed on Friday following the tech-heavy Nasdaq's all-time high in the previous session as focus shifted to business surveys for more cues on the economic recovery. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Wall Street inches higher after upbeat US business surveysU.S. stock index futures ticked lower on Friday, a day after the tech-heavy Nasdaq closed at a record high, as investors awaited U.S. business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian stocks set to rise after Wall Street tech-driven rallyAsian equities were poised to rise on Friday after a tech-driven rally on Wall Street in which the Nasdaq hit a record high despite downbeat data ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Wall Street opens lower after jobless claims top 1m[BENGALURU] US stocks opened lower on Thursday after weekly jobless claims rose unexpectedly back above the one million mark last week, lending weight to the Federal Reserve's view of a difficult road to economic recovery. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Wall Street futures ease following Nasdaq's record close; business surveys on deckU.S. stock index futures ticked lower on Friday, a day after the tech-heavy Nasdaq closed at a record high, as investors awaited U.S. business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street drifts higher after upbeat US business surveysU.S. stock index futures ticked lower on Friday, a day after the tech-heavy Nasdaq closed at a record high, as investors awaited U.S. business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »